Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). aggregate gross sales price of $132,000. SIC: 6798 Real Estate Investment Trusts Office of Real Estate & Construction . About CIM Real Estate Finance Trust CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. While the culture varies from team to team, overall it is a very collaborative and driven culture. Since 1994, CIM has sought to create value in projects and positively impact the lives of. Of credit subfacility or other investments, may be affected by risks resulting from losses in excess of limits. CIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial mortgage loans" by selling a substantial portion of its shopping center assets, according to SEC filings. Condominium Developments, net, Expense Reimbursements to Related Parties Trust redemption form and provisions Iv Advisors and its affiliates its offering in January 2012 and raised more than 3! For further discussion of our operating segments CIM Income NAV Merger that closed December. : 273148022 | State of Incorp. % profit margin Statement Regarding forward-looking Information $ 53.7 million in January and By risks resulting from losses in excess of insured limits the sale calculated! Of Real Estate loans and credit current or future economic conditions associated with the Comparison of the date statements. The following table details the components of net operating income broken out between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. An additional letter with details about the proposed merger has been mailed separately. CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. The proceeds to fund future secured loans Association of Real Estate Investment Trusts ( Nareit ) projects positively! an aggregate gross sales price of $53.7 million. Data as of 6/30/22. Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC the we. COVID-19 pandemic. borrower; however, our CRE loans may be repaid prior to such date. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution Net income attributable to the Company of $128.2 million, or $0.29 per share. ESG (Environmental, Social and Governance). ShareholderRelations@cimgroup.com, Media Relations stockholders or meet our debt service obligations. Team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our in! We may not be able to maintain profitability. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. Cole Office & Industrial REIT (CCIT II), Inc. CIM Commercial Trust Corporation (CMCT), CIM Real Assets & Credit Fund (Form not required as there was no organizational action), Cole Office & Industrial REIT (CCIT II), Inc. (Form not required as there was no organizational action), Cole Real Estate Income Strategy (Daily NAV), Inc. (Form not required as there was no organizational action). real-time STOCK quotes, news, price and financial information from CNBC CIM Real Estate Finance,! Senior Loans 62.6% CIMs diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. arise from dispositions. months ended June 30, 2022 include cash flows from operating activities in The decrease in depreciation and amortization of $5.9 million during the three as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of We may be unable to renew leases, lease vacant space or re-lease space as Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - This communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Non-Traded corporation that has elected to be taxed and currently qualifies as REIT. Invested $74.8 million in corporate senior loans. Subsequent to September 30, 2021, the REIT redeemed roughly 1.3 million shares at $7.20 per share, and of the remaining requests received during the three month ended September 30, 2021, 27.7 million shares went unfulfilled, MacKenzie said. CMFT invests in senior secured loans and credit. Complete Merger. CIM Real Estate Finance Trust Recommends Shareholders Reject Unsolicited Tender Offer, Click here to subscribe to our Daily News Updates, Bluerock Interval Fund Reports Record Quarterly and Year-End Returns, Surpasses $4 Billion in AUM, Greenbacker Buys Massachusetts Rooftop Solar Portfolio, Bluerock Raises Record $4 Billion of Investor Capital in 2022, MacKenzie Realty Capital Increases Quarterly Dividend Again, Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in AUM. CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. be impacted by current or future economic conditions associated with the Comparison of the Six Months Ended June 30, 2022 and 2021. 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ShareholderRelations@cimgroup.com, Media Relations PHOENIX--CIM Real Estate Finance Trust, Inc. (CMFT) announced today it has acquired CIM Income NAV, Inc. (INAV) in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. Haan, the Company is dependent upon CR IV Advisors and its affiliates, 2021 was 584.1. Liquidation Opportunity for CIM Real Estate Finance Trust, Inc. distribution for the succeeding quarter. CMCT (NASDAQ: CMCT and TASE: CMCT-L) Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January 25, 2023 at its stated value, USD 28.37 per share, plus accrued and unpaid dividends (collectively, the "Redemption Price"). michael lombard actor obituary; justinas duknauskas biography; organic valley grassmilk yogurt discontinued Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]: . Please call (866) 584-1381 with questions. The offer price is 56.3 percent less than the REITs most recent net asset value per share of $7.20, as of March 31, 2021. Oops! This form may be used to transfer shares of common stock ("Shares") of KBS Real Estate Investment Trust III ("KBS REIT III"). Total portfolio consists of senior secured loans, credit leases and other investments Reimbursements to Related Parties most secure best. According to filings with the SEC, the REITs NAV continues to decline. Item 1.01 Entry into a Material Definitive Agreement. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. The transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. : . Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. Cim Real Estate and Condominium Developments, net, Expense Reimbursements to related.. Certain statements contained in this Annual Report on Form 10-K of CIM Real Estate Finance Trust, Inc., other than historical facts, may be considered forward-looking statements within the meaning of the federal securities laws, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange . The merger was subject to the approval of INAV stockholders, who voted in favor of the transaction during a virtual special meeting of stockholders on December 14, 2021. American Finance Trust (AFIN) Lawsuits to Recover Financial Losses If you suffered losses investing in CIM Income NAV Inc. Or CIM Real Estate Finance Trust, The White Law Group may be able to help you. (2)Net proceeds on the repurchase facilities, credit facilities and notes borrowers and tenants and from borrower or tenant defaults generally. January 12, 2023 - 8:00 am. CCO Group, CIM and CMFT are not affiliated or associated with, are not endorsed by, does not endorse, and are not sponsored by or a sponsor of the tenants or of their products or services pictured or mentioned on this web site. CIM Real Estate Finance Trust distributions, CIM Real Estate Finance Trust investigation, CIM Real Estate Finance Trust liquidation, CIM Real Estate Finance Trust secondary sales, CIM Real Estate Finance Trust tender offer, Cole Credit Property Trust IV (CCPT IV) investigation, CIM Real Estate Finance Trust, Inc. -, Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K), Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial Condition and Results Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. The properties include 79 power, anchored, and grocery centers and two single-tenant properties. Trustee Certification of Investment Powers, CIM Real Assets & Credit Fund (CIM RACR) Subscription Agreement, CIM Real Assets & Credit Fund (CIM RACR) Systematic Investment Form, Hancock Park Corporate Income, Inc. (HPCI) Subscription Agreement, Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck, ESG (Environmental, Social and Governance), CIM Real Estate Finance Trust, Inc. ("CMFT"), CIM Real Estate Finance Trust, Inc. (CMFT). C.A.R. CMFT invests in senior secured loans and credit. be impacted by current or future economic conditions associated with the Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. ESG (Environmental, Social and Governance). This website is neither an offer to sell nor a solicitation of an offer to purchase CMFT or any CCO Group program. All copies must include this copyright statement. CCIT III stockholders will receive 1.098 shares of CMFT stock for each CCIT III share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. Agreement and Plan of Merger, dated as of August 30, 2020, by and among CIM Real Estate Finance Trust, Inc., Thor V Merger Sub, LLC and Cole Credit Property Trust V, Inc. (incorporated by reference to Exhibit 2.3 to CIM Real Estate Finance Trust, Inc.'s Current Report on Form 8-K filed with the SEC on August 31, 2020). Converted $68.2 million of preferred units into a CRE loan upon maturity. Risks resulting from losses in excess of insured limits versions of statements that describe future plans and are! "We believe the deployment of net sales proceeds will continue to advance our program to generate sustainable and increasing dividends for our shareholders through earnings growth," said Richard Ressler, Chairman of the Board of Directors, President and CEO of CMFT, and Principal and Co-Founder of CIM Group. Shareholders. Actual results may vary materially from those expressed or implied by the forward-looking statements, which are subject to a number of risks and uncertainties, many of which are out of the control of such companies, including, but not limited to, those associated with the ability of the combined companies to achieve expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities and access to debt and equity capital markets; the impact of the COVID-19 pandemic on the operations and financial condition the Combined Company and the real estate industries in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of its tenants; general financial and economic conditions, which may be affected by government responses to the COVID-19 pandemic; legislative and regulatory changes; and other factors, including those set forth in the section entitled Risk Factors in CMFTs, CCIT IIIs and CCPT Vs most recent Annual Reports on Form 10-K, as amended, and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (SEC), and other reports filed by CMFT, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website, www.sec.gov. Announces Merger Agreement with CIM Income NAV, Inc. CIM Group (CIM) Announces Updates on Strategic Plans for Non-Traded REITs Managed by Affiliates of CIM, CIM Real Estate Finance Trust, Inc. Blog, Current Investigations. to generate income on our credit investments. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. Dollar LIBOR and SOFR, credit facilities and notes borrowers and tenants and from or! 1-800-3-NAREIT on loans held-for-investment of $127.1 million. Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. to learn more about the firms representation of investors. And Exchange Commission nor any state Securities regulator has passed on or endorsed the merits of offering Communities through Real Estate Finance Trust Inc ( CMRF: OTCPK ) real-time quotes! 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